The dollar held below a 10-month peak having soared on upbeat growth data only to have a dovish Federal Reserve take some steam out of the rally.» Read More
The yen weakened across the board on Monday after Japan escaped direct criticism from its G-20 peers on its bold reflationary plans that have weakened the currency.
Australian Treasurer Wayne Swan dismissed talk of a 'currency war' in an interview with CNBC, but concedes that a strong Australian dollar is a concern for an economy that's heavily reliant on mining exports.
The Group of 20 nations declared on Saturday there would be no 'currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.
The yen fell Friday after three days of gains against the U.S. dollar and the euro as a draft statement from the G-20 did not single out Japan trying to weaken its currency.
As G-20 finance chiefs from around the world meet on Friday to discuss fears of competitive currency devaluations, policymakers told CNBC that talk of a currency war was misplaced and discussions should instead focus on a how to heal the still fragile global economy.
The euro tumbled to a three-week low against the dollar and plunged against the yen Thursday after data painted a dismal picture of the euro zone's economy, increasing the likelihood of ECB action.
The yen traded flat against the dollar Wednesday, a day after sharply rising, as investors grew cautious ahead of a meeting of finance ministers and central bankers later this week.
The yen rebounded Tuesday, rising from a nearly three-year low against the dollar hit during the previous session, after a G7 official said a statement was meant to express "concern about excess moves" in the Japanese currency.
A statement from G7 countries attempts to tamp down global tension about the falling yen and currency devaluations. Whether it will work is unclear.
The Group of Seven try to quiet talk of a currency war, and unchanged inflation weighs on the pound - it's time for your FX Fix.
The euro rose against the dollar and yen on Monday after incurring heavy losses for three straight days as an ECB policymaker dismissed talk of intervening to weaken the currency.
The Group of Seven nations are considering issuing a statement reaffirming their commitment to "market-determined" exchange rates in response to heating rhetoric about a currency war.
The yen jumped Friday after Japan's finance minister said the currency's recent drop had gone too far, too fast, and doubts crept in about aggressive Bank of Japan action.
The U.S. looks set to win the currency war, according to HSBC, which forecasts the dollar will remain weak for the next seven years.
Comments from Japan's finance minister halt the yen's slide and strong retail sales lift the Swissie - it's time for your FX Fix.
The euro plunged against the dollar and yen on Thursday after ECB President Mario Draghi said the euro exchange rate was important to growth and price stability.
The euro slipped, with traders taking more cautious positions ahead of the ECB meeting in case its president Mario Draghi expresses concern about the high level of the euro.
The euro rose against the dollar and yen Tuesday as better-than-expected euro zone data affirmed expectations that the European Central Bank will keep policy steady when it meets this week.
The euro slumped from recent highs against the dollar and yen on Monday as political uncertainty in Spain and Italy renewed concerns about the region's debt crisis just days before a European Central Bank meeting.